Tag Archives: household spending

The Money Series examines how East Harlem spends their money

Posted on August 8, 2011 | 1 comment

In our Money Series,  it has covered spending habits for the Harlem areas of 10027 and 10030. The Money Series continues with the focus on East Harlem. The zip code used to come with the data for this segment of Harlem is 10029.

The top three household spending areas for the 10029 area of Harlem resulted in shopping ranking first, health & family is second, followed by house & home. If you compare spending for 10029 with 10027 and 10030, 10029 ranks identical to 10027 in the areas of health & family and house & home. Each of these spending categories ranked second and third out of the top three spending categories versus 10030, these categories ranked first and second. The interesting fact out of all three zip codes was that 10027 was the only part of Harlem that had food and drinks in the top three spending categories. Food & drink did not even rank in the top three for 10029 and 10030.

On a 12 month average, household spending for 10029 includes: $461 for shopping. Next is health & family totaling $452. Most of the spending in this area is dedicated to school & child care and insurance. House & home follows with a total of $432 with the majority of this portion going toward utilities.

If 10029, 10027 and 10030 are compared in their shared ranking areas, which are health & family and house & home, 10030 spends the most on health and family at $798 versus 10027 spends $552 and 10029 spends $452. In house & home, 10027 spends the most at $472 followed by 10030 spends $434 and 10029 spends $432.

All figures are created from an online money management tool and based on ages from 18 to 65 years of age and above, all households (married with kids or without, male or female single with kids or without), and income starting at $20,000 to $125k and above.

Stay tuned as the Money Series will look into spending habits of Harlem residents versus other parts of Manhattan.

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Posted in Adam Clayton Powell Jr. Blvd., apartments, business, Community, education, Frederick Douglass Blvd., Harlem, health and wellness, history, Lenox Avenue, Money Series, New York, New York City, NYC, real estate, shopping, spending

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Money Series: Harlem spending for 10030 zip code dedicated to health and family

Posted on July 26, 2011 | 1 comment



Yesterday, the Money Series gave a snap shot of how Harlemites spend, who reside in the 10027 zip code. Today, the Money Series continues by turning our focus on the residents of 10030.

The top three household spending areas for the 10030 Harlem resulted in health & family ranking first, with house & home next followed by shopping. The first two areas mentioned are identical to 10027 Harlem residents in terms of ranking. However, shopping ranks third for 10030 verses 10027 where it ranks fourth.

On a 12 month average, household spending for 10030 includes: $798 for health & family. Insurance cost make-up $277 with school & child care not far behind at $234. The next large cost is charity at $173. Healthcare, pets and personal care round the remaining total.

House & home follows with a total of $434. The majority of costs go toward utilities. Two-hundred and six dollars is dedicated to utilities. Next with $77 for home maintenance, $76 for home improvement and $75 for phone.

The shopping category came in third in terms of the top three spending areas. Harlemites from 10030 spend a total of $332. That figure is divided among general shopping at $150, clothing, shoes and outer wear at $113 and $69 goes towards electronics, office supplies and hobbies.

If 10027 and 10030 are compared in their two top ranking areas: 10027 spends $246 more than 10030 in health & family and 10030 spends $323 more than 10027 in shopping.

All figures are created from an online money management tool and based on ages from 18 to 65 years of age and above, all households (married with kids or without, male or female single with kids or without), and income starting at $20,000 to $125k and above.

The Money Series heads to East Harlem next. 10029 will be the focus!

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Posted in business, Community, education, Harlem, health and wellness, Money Series, New York, New York City, NYC, restaurants, shopping, spending

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Money Series: How Harlem spends their money

Posted on July 25, 2011 | 6 comments

Household Spending 10027 12 month avg

I have been living in Harlem since 2006 and have witnessed enormous change since then with new restaurants opening on every major avenue, buildings popping up throughout upper Manhattan, and more new faces lining Harlem streets. With all this change, I have always wondered about spending. How do we, i.e. Harlem locals, spend our money? Where does all of our money go?

I researched the topic and unearthed some interesting numbers via an online money management tool on how we spend. In the Money Series, I will share data discovered by zip code from shopping to health & family to food & drink and more! First up is 10027 of Harlem.

On a 12 month average, household spending for 10027 includes: $568 for food &

Food and Drink 10027 12 month avg

drink, $269 is for dining out and $299 is for groceries. Next on the list is health & family. Harlem locals from 10027 spend a total of $552. The majority of the figure goes to insurance and school & child care with $166 and then $156. The remaining total is divided among four other categories shown in the graph.

After food & drink and health & family, house & income rounds out the top three

Health and Family 10027 12 month avg

spending categories. This part of Harlem spends a total of $472. Two-hundred and six dollars goes to utilities. One-hundred and twenty-four dollars goes to home improvement and $122 goes to phone. The remaining $20 is for home maintenance. The graph below displays the remaining areas of spending for 10027.

House and Home 10027 12 month avg

All figures are based on ages from 18 to 65 years of age and above, all households (married with kids or without, male or female single with kids or without), and income starting at $20,000 to $125k and above.

Next up in the Money Series is how Harlem locals from 10030 spend!

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Posted in business, Community, education, Harlem, health and wellness, Money Series, New York, New York City, NYC, real estate, restaurants, spending

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